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School of Commerce 


VoLXVin, No. 31 

AprU 6. 1918 

Published Weekly by Northwestern University 
Northwestern University Building, Chicago 

Northwestern University 

Evanston and Chicago 

School of Commerce 


Published by the University 


Calendar 4 

The Faculty 5 

Special Lecturers 6 

The School of Commerce 7 

Admission 7 

Degrees 10 

Schedule of Courses 12 

Registration 17 

Description of Courses 17 

General Information 

The Library 31 

Employment for Graduates 32 

Residences for Men 32 

Grades of Scholarship 33 

Class Attendance 34 

Fees and Expenses 34 

Self-support of Students 35 

* University Not Responsible for Personal Losses 36 

How to Address Correspondence 36 


1918 1918-1919 

Sept. 23 Mon. Academic year 1918-1919 begins 

Sept. 23 Mon. Examinations for admission 

Sept. 23 Mon. First day of registration 

Sept. 25 Wed. Second examinations; last day of registration 

Sept. 26 Thu. Class work begins 

Oct. I Tue. Last day for registration of candidates for advanced 

Nov. 28 Thu. Thanksgiving recess, to December i, inclusive 

Dec. 4 Wed. Last day for filing titles of theses for advanced 

Dec. 21 Sat. Christmas recess to January 6, Monday, inclusive 


Jan. 7 Tue. Class work resumed 

Jan. 27 Mon. Mid-year examinations begin 

Feb. 7 Fri. Second semester begins 

Feb. 8 Sat. Second examinations. Last day of registration for 
the second semester 

Feb. 10 Mon. Class work resumed for the second semester 

Feb. 22 Sat. Washington's Birthday 

Apr. 18 Fri. Easter recess, to April 21, Monday, inclusive 

Apr. 21 Mon. Second examinations 

May 17 Sat. Last day for filing theses for advanced degrees 

May 24 Sat. Oral examinations of candidates for advanced 

May 26 Mon. Regular examinations begin 

May 30 Fri. Memorial Day 

June II Wed. sixty-first annual commencement 

Administrative Officers 

Thomas Franklin Holgate, Ph.D., LL.D., President of the Univer- 
sity ad intej'im. 
Arthur Emil Swanson, Ph.D., Dean. 
Neva Olive Lesley, Secretary. 

The" Faculty 

*Walter Dill Scott, Ph.D., Professor of Advertising. 

Earl Dean Howard, Ph.D., Professor of Economics. 

Frederick Shipp Deibler, Ph.D., Professor of Economics. 

Alfred William Bays, B.S., LL.B., Professor of Business Law. 

Arthur Edward Andersen, B.B.A., C.P.A., Professor of Accounting. 

Ralph Emerson Heilman, Ph.D., Professor of Economics and Social 

Arthur Emil Swanson, Ph.D., Professor of Economics and Business 

Walter Kay Smart, Ph.D., Lecturer in Business English. 

Walter Edward Lagerquist, Ph.D., Associate Professor of Economics 
and Commerce. 

Horace Secrist, Ph.D., Associate Professor of Economics and Sta- 

*Homer Bews Vanderblue, Ph.D., Associate Professor of Transpor- 

*David Himmelblau, B.A., B.B.A., C.P.A., Associate Professor of 

*Frederic Ernest Richter, M.A., Assistant Professor of Banking. 

Henry Post Dutton, B.E.E., Assistant Professor of Factory Manage- 

Holmes Beckwith, Ph.D., Assistant Professor of Banking. 

Roy Hall, B.A., Assistant Professor of Accounting. 

*Eric Louis Kohler, M.A., C.P.A., Instructor in Accounting. 

*Thomas R. Taylor, M.A., Instructor in Resources and Foreign 

*Absent on leave. In National Service. 

James Harris Bliss, Jr., C.P.A., Lecturer in Accounting. 

Ronald Salmon Crane, Ph.D., Lecturer in Business English. 

Joseph Henry Gilby, C.P.A., Lecturer in Accounting. 

John Fred Lynn, C.P.A., Lecturer in Accounting. 

Robert Grant Martin, Ph.D., Lecturer in Business English. 

Alexander W. T. Ogilvie, Lecturer in Office Management. 

Guy Meredith Pelton, B.A., Lecturer in Accounting. 

James Hamilton Picken, Lecturer in Business Psychology and Sales 

*Thomas Lutz Stitt, Lecturer in Foreign Trade. 
John Charles Teevan, LL.B., Lecturer in Business Law. 
Walter Sheldon Tower, Ph.D., Lecturer in Resources and Trade. 
Merle Leslie Wright, B.A., Lecturer in Public Speaking. 
Mildred Noe Johnson, B.A., Librarian. 


Henry J. Bohn, Chairman of Association of Executives, Editor of 
Hotel World. 

Florus V. Clutier, Industrial Systems Company. 

Archie W. Dunham, National City Company. 

Edward P. Farwell, Local Manager, Babson Statistical Organization. 

James M. Fitzgerald, M.D., Vocational Expert. 

Frank J. Flanagan, Finance Committee StaflF, City Hall. 

Harry Fogelman, Sheldon School of Salesmanship. 

William S. Ford, Montgomery Ward & Company. 

Winfield Scott Hall, M.D., Medical School, Northwestern Uni- 

Fred D. Hess, A. J. Nystrom & Company. 

James L. Jacobs, J. L. Jacobs & Company. 

James A. Jahn, President, Jahn & Oilier Engraving Company. 

A. Packard Lobeck, Emerson Institute of Efficiency. 

Merritt B. Lum, Sales Manager, A. W. Shaw Company. 

Albert C. MacMahan, National Cash Register Company. 

Charles F. McConnell, Sears, Roebuck & Company. 

Max Schmidhofer, M.D., Expert Dietitian. 

Victor F. Schoepperle, National City Company. 

George C. Sikes, Bureau of Public Efficiency. 

Arthur G. Taylor, Arthur G. Taylor & Company. 

Henry G. Wright, Stover, Elkhorn Coal Company. 

*Absent on leave. In National Service. 

The School of Commerce 


Northwestern University School of Commerce offers a compre- 
hensive professional course of training in business. The purpose of 
the course is to give the student thorough grounding in the principles 
that underlie business action, and to acquaint him w^ith efficient busi- 
ness practice. The instruction has been planned to give him a 
broad survej^ of business facts and experience and to develop the 
power of accurate anal5^sis. 

The School of Commerce was established in June, 1908. In 
Januar)', 19 12, a course of study leading to the degree of Bachelor 
in Business Administration was approved by the Board of Trustees. 
In addition to the work described in the catalog, the School of 
Commerce has conducted in Chicago, since its foundation, an exten- 
sive series of courses in evening classes for men employed in business. 

The school is well equipped to offer training in business. Its 
proximity to Chicago enables members of the faculty to maintain a 
close contact with the operation of modern business and permits of 
numerous business inspection trips by students. It also makes it 
possible to utilize business men as instructors in certain specialized 
courses, and as general lecturers in various fields. The evening 
classes, furthermore, bring members of the faculty in direct contact 
with large numbers of persons engaged in business. 

The School of Commerce is located in Evanston and the office 
is in Room 316, Harris Hall, on the Campus. 



Candidates for admission to the School of Commerce must present 
credit of acceptable grade for- two years of work in a college, profes- 
sional or scientific school of approved standing. The inclusion, in 
the two college years, of a course in the Principles of Economics is 
recommended. Persons are not admitted to the course in Business 
unless their college record gives evidence of capacity to undertake 
serious professional study. 



For persons who have not had two years of college work, but 
who can meet the entrance requirements of the College of Liberal 
Arts of Northwestern University, a two-year Pre-Commcrce course 
has been arranged in the College of Liberal Arts, which will pre- 
pare students for admission to the School of Commerce. 

The Pre-Commerce course is as follows: 

Freshman Year Sophomore Year 

Hours Hours 

Economic History 3 Economics 3 

Plane Trigonometry, College C}eneral Psychology 3 

Algebra 3 Types of English Literature ; 

Composition and Rhetoric ; Sur- Composition 2 

vey of English Literature.... 3 French, German or Spanish... 3 

French, German or Spanish... 3 Science 4 

Geography 4 

Total 15 

Total 16 Bookkeeping — second semester, 

no credit 2 

Students who plan to take this Pre-Commerce course should have 
a transcript of their high school credits submitted by the high school 
principal to the Registrar of the College of Liberal Arts, Evanston, 
Ilinois. A blank for the submission of these credits may be secured 
on request. 


For admission to the Pre-Commerce course without examination, 
a certificate of the principal of an accredited high school, or other 
qualified officer, must be presented, recommending the candidate as 
competent to pursue college studies to advantage, and shovv^ing fifteen 
units of credit as follows: 

A. At least three units of English, one unit of Algebra, and 

one unit of Geometry. 

B. Foreign languages — Latin, Greek, French, German — at least 

three units of one of these languages or two units of each 
of two of them. 

C. Other subjects sufficient to rnake, with the above, an ag- 

gregate of fifteen units. These may include any sub- 
jects commonly appearing as a part of a high school 
course, provided that no subject is presented for less than 
a half unit of credit. Vocal music and physical training 
are not recognized for credit. 


A condition of not more than one unit may be allowed to a can- 
didate ranking above the lowest quarter of his high school class, but 
no condition Is allowed In the prescribed English, Algebra, or 

Deficiencies In entrance credit may be made up by examination 
before admission, at the examinations of the College Entrance Ex- 
amination Board In June, or at the regular entrance examinations 
held at this University in September. All entrance deficiencies must 
be made up before the beginning of the second year of residence. 

For candidates who do not present from an accredited school cer- 
tificates covering the entrance requirements described above, the fol- 
lowing provision Is made: Examinations may be taken in the pre- 
scribed work in English, Algebra, Geometry, and Foreign Languages, 
and, If these are satisfactory, the candidate will be admitted to col- 
lege, provided he presents supplementary evidence of preparation 
equivalent to that furnished by a four-year high school course. 


The business career is rapidly acquiring a recognized professional 
standing. Every 3^oung business man should have a training which 
not only will enable him to maintain his place In the profession but 
also will serve to make him a leader in raising the standards of 
business efficiency. To rise to such a position, he must be able to 
look beyond the routine duties of his work and to grasp the broader 
principles uporT' which business success is founded. Business today 
demands In particular men who are educated, and not men who are 
merely drilled in specific processes. 

The aim of the Northwestern University School of Commerce is 
to base the training of its students for business on the foundation of a 
broad outlook on life. Business Is Infinitely complex and specialized, 
and requires a power of analysis which nothing so well as a compre- 
hensive scientific training can give. With this complexity there 
exist, in a great modern business, far-reaching public relations de- 
manding a liberal culture and the finest qualities of mind and spirit. 

In requiring two years of college work as a prerequisite for ad- 
mission to the course in Business, and In combining with the strictly 
professional subjects In that course many others of a liberalizing 
purpose, the School of Commerce becomes articulated as an integral 
part of the scheme of American higher education. The student w^ho 
contemplates taking up the course In Business should pursue the two 


years of preparatory college work with the same earnest professional 
sipirt which will be required of him in the years of the Business 
course which follow, remembering that, without the training of mind 
and spirit, he will not be able in any adequate way to solve the prob- 
lems of his later course and of the active years which follow. 



The course in Business offered by the School of Commerce con- 
sists of a three-year program of study leading to the degree. Bachelor 
in Business Administration. The first year of the course consists in 
the main of subjects required of all Commerce students (see page 
12). Additional subjects are required for each special field of work. 
During the summer intervening between the second and third years, 
the student must be employed in a business approved by the School 
of Commerce. In the third year the student devotes a considerable 
share of his time to investigative work in the business which he in- 
tends to enter. Normally, an arrangement is effected whereby the 
student is employed in business for part time during the period of in- 
vestigation. A thesis embodying the results of his investigation must 
be presented in partial fulfillment of the requirements for the degree. 
The subject of this thesis must be filed with the Secretary of the 
School of Commerce not later than December ist, and the thesis 
must be presented not later than May 15th. 

Formal application for the degree must be made before November 
1st of the academic year in which the degree is granted. 

The degree. Bachelor in Business Administration, is not awarded 
merely as result of pursuing a specified number of courses. Stu- 
dents are expected to meet the requirements imposed with the 
professional spirit and measure of precision demanded in well-regu- 
lated business houses. As the course progresses, they should acquire 
ability to analyze business situations and to apply fundamental prin- 
ciples to the solution of practical business problems. If after a reason- 
able time a student's work does not give promise of effectiveness in 
the business field, he is discouraged from continuing the course. 

Candidates offering advance credit from other institutions are 
required to pursue at least one full year's work under the direction 
of the School of Commerce faculty. 




Students who have taken their Pre-Commerce work in the Col- 
lege of Liberal Arts of Northwestern University may secure the 
Bachelor of Arts or the Bachelor of Science degree according to one 
of the following plans: 

Plan I — A student who has completed two full years in the Col- 
lege of Liberal Arts of Northwestern University, during which he 
has met the requirements for the Bachelor of Arts or the Bachelor of 
Science degree, may transfer his registration to the School of Com- 
merce on the completion of these two years, and receive the Bachelor 
of Arts, or the Bachelor of Science degree, when he completes the 
course for the degree, Bachelor in Business Administration. 

Plan II — A student who has met the requirements stated in 
Plan I may transfer his registration to the School of Commerce 
on the completion of these two years, and receive the Bachelor of 
Arts, or the Bachelor of Science degree on the completion of his 
second year in the School of Commerce provided that he has met 
the college requirement for one major and one minor.* 

Plan III — A student who has completed three full years in the 
College of Liberal Arts of Northwestern University, including the 
requirements for the Bachelor of Arts, or the Bachelor of Science 
degree, and a major and minor, ma}^ transfer his registration to the 
School of Commerce, and on the completion of one year's work 
obtain the Bachelor of Arts, or the Bachelor of Science degree. 


A Student who has completed two years of college work in some 
other college or university, and is admitted to the School of Com- 
merce as a regular student, may also register as a student in the Col- 
lege of Liberal Arts, and pursue studies which will lead to the Bach- 
elor of Arts, or the Bachelor of Science degree. He must complete 

*As a Commerce student will normally complete a major and minor in 
his Commerce course, this requirement will not involve any appreciable 
deviation from the regular course. 


all the courses required for one of these degrees, except that he may 
substitute for the required major and minors, a major and one minor.* 
He should thus normally be able to obtain the Bachelor of Arts, or 
the Bachelor of Science degree in two years, and the degree. Bachelor 
in Business Administration, in one additional year. 

The Schedule of Courses 


The required work of the first year of the Business course is alike 
for all students regardless of the particular field in which they intend 
to specialize. The schedule for this year is as follows: 

Note . 

Year-subjects are printed in dark type; semester-subjects in light type. 

Required Subjects One Elective in 

Money and Banking English 

Corporation Finance Political Science 

Accounting I History 

Statistics Mathematics, or 

Business Law Science 
Business Psychology 
Resources and Trade 

Note: Students who enter the course in Business without having had the Prin- 
ciples of Economics will be required to take that course in the first year and postpone 
Money and Banking and Corporation Finance until later. Similarly, a course in 
General Psychology must precede the course in Business Psychology. 


In the remaining two years of the course the required subjects 
vary according to the field in which the student is specializing. The 
required courses for all students in these years are Business and 
Government, Business Organization, and Seminar. 

For the benefit of students who plan to take their Pre-Commerce 
work in the College of Liberal Arts of Northwestern University, 
the Pre-Commerce course has been combined with a general Business 
schedule into a typical four-year and five-j^ear program (see page 
i6). To such students this will serve to illustrate hov/ their plan 
of study can be arranged on a four-year and a five-year basis. 

*See note relating to major and nninor on previous page. 




Second Year 


Business and Government 

Business Organization 

Accounting: III* 




Public Finance and Taxation 

Public Utilities 

Municipal Government 


Third Year 

Seminar and Field Work in Ac- 
Cost Accounting: 
Public Service Corporation 

Business Law 

Efficiency Standards 
Factory Management 
Labor Problems 
Industrial Relations 
Office Management 


Second Year 
Business and Government 

Business Organization 
Commercial Organization 
Advanced Banking 
Accounting II 

Foreign Trade 
Municipal Government 

Third Year 

Seminar and Field Work in 

Banking Law 
Corporation Law 
Public Finance and Taxation 

Public Service Corporation 

Public Utilities 
Political Science 


Second Year 


Business and Government 

Business Organization 

Commercial Organization 


Advanced Banking 


Industrial and Social Problems 

Labor Problems 

Municipal Government 

Third Year 

Seminar and Field Work 



Efficiency Standards 

Advanced Psycholog:y 

Industrial Relations 

Foreign Trade 


Advanced Economics 


Second Year 

Business and Government 
Business Organization 
Factory Management 
Efficiency Standards 
Accounting II 

Industrial and Social Problems 
Advanced Psycholog:y 

Third Year 

Seminar and Field Work 
Factory Manag:ement 

Cost Accounting: 

Industrial Relations 

Labor Problems 





*Students specializing in Accounting will normally take Accounting II in the 
second semester of the first year (see schedule), postponing Statistics to the second 
semester of the second year. 




Skcond Ykar 

ISusiness and (iovernnient 
J'usiness Organization 
Office Management 

Commercial Organization 
Labor Problems 
rolltical Science 

Third Year 

Seminar and Field Work in Si 
retarial Adminintration 

Kfficicncy Standards 

Industrial and Social ProbleniH 


Public Finance and Taxation 

Industrial KelationH 


Second Year 

Business and Government 
Business Organization 
Commercial Organization 
Foreign Trade 
South American Trade 

Political Science 
Foreign Languages 

Third Year 

Seminar and Field Work in 

Foreign Trade 
Business Law 
Advanced Banking 
Political Science 
International Law 

EtTicicncy Standards 

Industrial Relations 

Public Finance and Taxation 


Foreign Languages 


Second Year 


Business and Government 

Business Organization 

Commercial Organization 



Labor Problems 

Public Finance and Taxation 

Business Law 

Third Year 

Seminar and Field Work in 

Efficiency Standards 
Transportation Law 
Public Service Corporation 

Public Utilities 

Industrial Relations 
Industrial and Social Problems 
Political Science 


Second Year 

Business and Government 
Business Organization 
Commercial Organization 
Political Science 

Accounting II 
Political Parties 
Labor Problems 
Office Management 

Third Year 

Seminar and Field Work in Pub- 
lic and Social Service 


Public Finance and Taxation 

Political Science 

Efficiency Standards 

International Law 

Constitutional Law 

Industrial and Social Problems 

Industrial Relations 

•For students who expect to go into Foreign Trade an additional year of prep- 
aration is urged. 




Second Year 

Business and Government 
Business Organization 
Commercial Organization 
Accounting II 

Educational Psycliology 

History of Education 

Problems in Secondary Education 


Third Year 

Seminar and Field Work 
Commercial Education 

Factory ^lanagement 

Efficiency Standards 

Cost Accounting 

Industrial Relations 


High School Blethods 

Industrial and Social Problems 



Second Year 
Business and Government 

Business Organization 
Commercial Organization 

Municipal Government 
Labor Problems 
Foreign Trade 
Public Utilities 

Third Year 

Seminar and Field Work in Com- 

Factory Management 

Efficiency Standards 

Industrial Relations 

Public Finance and Taxation 

Industrial and Social Problems 

Business Law 


Office Management 

16 N O R 1^ H W E S T E R N U N I V E R S 11' Y 


Freshman Year Junior Year 

Kconomic History First Year Commerce 

I'lane Trigonometry; College Algebra Required Subjects 

Composition and Rlietoric; Survey of Money and Banking 

English Literature Corporation Finance 

French, German or Spanish Accounting T 

Geograpliy Statistics 

Business Law 
Business Psychology 
Resources and Trade 
One Elective in 

Political Science 

Mathematics, or 

Sophomore Year Senior Year ' 

Economics Second Year Commerce 

General Psychology Required Subjects 

Types of English Literature; Composition Seminar 
French, German or Spanish Business and Government 

Science Business Organization 

Bookkeeping — second semester, no credit Commercial Organization 

Advanced Banking 

Industrial and Social Problems 
Labor Problems 
Municipal Government 

In the five-year program a typical schedule for the last year is as follows: 

Third Year Commerce 

Required Subjects Elective 

Seminar Industrial Relations 

Transportation Foreign Trade 

Rate-making Sociology 

Efficiency Standards Advanced Economics 

Advanced Psychology 




Commerce students are required to register in person at the 
office of the School of Commerce in Harris Hall on the Campus in 

Registration days are the first Monday, Tuesday, and Wednesday 
of the first semester; and the first Friday and Saturday of the second 
semester. A student not registered at the close of this period is 
subject to a fee of two dollars for late registration. 

Tuition bill is given to the student upon registration. This must 
be presented for payment immediately at the Business Manager's 
Office, 518 Davis Street, Evanston. 


Every applicant for the Pre-Commerce course is required to 
register in person at the office of the Registrar of the College of 
Liberal Arts, in University Hall, Evanston. Considerable advan- 
tage may be gained during the Pre-Commerce course from the counsel 
of a faculty adviser representing the School of Commerce. There- 
fore, students who are planning to enter the School of Commerce 
later are requested to signify their intention at the time of matricula- 
tion in the College of Liberal Arts. 

Description of Courses 

Bookkeeping — Theory and Practice — The chief object of the 
work in Bookkeeping is to train students in general bookkeeping 
practice in order to prepare them to take Accounting L 

Distinction between debits and credits; principles of single and 
double entry; summarization of transactions and books required for 
this purpose; various kinds of information conveyed through ledger 
accounts; principles of journalizing, with considerable class practice 
work in making of journal entries; posting from original books*of 
entry to ledger and classification of transactions; definition of book- 
keeping terms; loss and gain accounts, and method of determining 
losses and gains; disposition of losses and gains; abstracting trial 
balances and uses to which trial balances are put; preparation of 
simple financial statements and final closing of books. Instruction is 


largely individual. Prerequisite for Accounting I. No credit. 
Second semester. Mon., 4 to 6. Mr. Pelton. 

Accounting I — Principles — A survey of Accounting adapted pri- 
marily to the demands of general business; also the preparatory work 
for students specializing in Accountancy. Fundamental principles 
and their application; single-entry set of accounts developed into a 
modern accounting system. Problems and questions assigned for 
home study. Open to students with training equivalent to the work 
in Bookkeeping. Prerequisite for Accounting II. Required in the 
first year of the course in Business. Credit, four seniestcr-hours. 
First semester. Mon., Th., 2 to 4. Mr. Pelton. 

Accounting II — Intermediate — Continuation of Accounting I, 
for students desiring a thorough knowledge of accounts and auditing 
for general business training; also for students preparing for the 
C.P.A. examination. Subject matter treated from the auditor's point 
of view. A large number of the problems and questions which form 
the basis of the work are taken from C.P.A. examination papers. 
Statement of Affairs; Realization and Liquidation Account; Trustee 
and Executor's Accounts; Statement showing Application of Funds; 
Adjustment of Partners' Accounts; Capital vs. Revenue Expendi- 
tures; Branch and Agency Accounting; Survey of Principles of Cost 
Accounting including the principal methods used in the apportion- 
ment of overhead expenses; Auditing — Theory and Practice; Balance 
Sheets and various forms of Income Statements. Mergers and Amal- 
gamations; Consolidated Balance Sheet. Prerequisite for Accounting 
III. Credit, four semester-hours. Second semester. Tu., Fri., 2 to 
4. Mr. Pelton. 

Accounting III — Advanced Theoryiy Auditing and Practice — 
Continuation of Accounting II, primarily for persons who expect to 
enter the Accounting profession. Students completing Accounting 
III and the Quiz Course should be prepared to take the Certified 
Public Accountant's examination, provided they are otherwise quali- 
fied. Based on the problems and questions set at previous C.P.A. 
examinations. Special points to be considered in the audit of munic- 
ipalities, institutions, banks, investment and insurance companies, 
land companies, publishers, mines, public utilities, contractors, etc. 
Investigations for special purposes. The Auditor's Report. Systems. 
Income Tax. Consolidated Balance Sheet and Consolidated State- 


ment of Profits and Income. Credit^ two year-hours. Given in 
Chicago*, Mon., 7 to 9. Professor Andersen. 

^Public Service Corporation Accounting — Special points arising 
in the accounts of electric light, gas, water, telephone and telegraph, 
electric railways and steam railways, such as plant costs, intangible 
values, discounts on securities, depreciation, classification of main- 
tenance and betterment expenditures, systems of internal check, etc. 
Classification of Accounts prescribed by the Interstate Commerce 
Commission and various state commissions. Preparation of Balance 
Sheets and Operating Statements for independent and controlled 
companies; compilation of statistical data and the uses thereof. 
Special points to be noted in the regular audit of utility companies; 
the trust indenture; certification of amount of bonds which may be 
taken down thereunder. Points to be noted in investigations for rate 
cases; methods of determining operating costs of joint utilities, prin- 
ciples underlying the valuation of physical and intangible property, 
methods of calculating, ''going value," depreciation, working capital, 
fair value, fair rate of return, and procedure. expenses. Special facili- 
ties available for research w^ork. Credit; two year-hours. Additional 
credit may be arranged for through seminar. 

Factory Cost Accounting — Accounting incident to the purchase, 
receipt and issue of raw finished materials, payrolls, and factory 
expenses, and the scientific distribution thereof; issuance of shop 
orders; perpetual inventories; productive and non-productive labor; 
recording and paying of wages; piece work, profit-sharing and 
premium or bonus systems; factory overhead expenses; rent and 
interest in costs; system of repair, renewal and construction orders 
and the allocation of selling, distributing and administrative expenses; 
the use and value of graphic charts in the final assembly of data and 
statistics. Open to students who have had the equivalent of Ac- 
counting I. Registration on permission of instructor. Credit j two 
year-hours. Given in Chicago, Wed., 7 to 9. Mr. Lynn. 

Quiz Class — Thorough practice work in class room to prepare 
candidates for C.P.A. examinations. Object is to train students to 
apply accounting principles and to work in class room under sub- 
stantially same conditions as in examination room. Practical 
accounting problems; auditing and theory of accounts; analysis and 

*Subjects marked ''Given in Chicago" are not offered in Evanston. Many 
of the other subjects are repeated in Chicago sections. The Chicago classes 
meet in the late afternoon and evening, and are intended primarily for men 
who are employed during the day. Day students are admitted to Chicago 
sections only upon the recommendation of their faculty adviser. 

fNot given in 1918-1919. 


discussion. The last hour is devoted to an open discussion of the 
"how" and "why" of the solutions to problems assigned. Instruction 
is largely individual. Credit, two year-hours. Given in Chicago, 
Sat., 2 to 5. Professor Andersen. 


By act of the General Assembly passed May 15, 1903, provision 
is made for a state examination for the degree of Certified Public 
Accountant. Copies of the state law and the rules governing the 
examination, and questions given in previous examinations since 1903, 
may be secured at the office of the School of Commerce. 

Banking and Finance 

Money, Banking, and Corporation Finance (Economics Bi) — 
First semester, Money and Banking: a brief discussion of the his- 
tory and principles of money; the monetary system of the United 
States, including some of our past problems and their solution ; theory 
of the value of money; index numbers. Principles of banking and 
functions of banks and of bank credit; foreign exchange and gold 
movements; history of banking in the United States; foreign banking 
s)^stems; our banking system today with particular emphasis on the 
Federal Reserve System. Second semester. Corporation Finance: 
corporate organization in modern business; the salient points in its 
legal organization ; classification of the instruments of finance ; pro- 
motion, underwriting, capitalization, earnings, expenses, surplus, 
manipulation, insolvency, receivership, reorganization, and regulation. 
Open to students who have completed Economics A (see page 23). 
Credit, three year-hours. Mon., Wed., Fri., 9. Professors Lager- 
quist and Beckwith. 

Investments (Economics Cio) — Markets and their influence on 
the price of securities. Elements of sound investments and methods 
of computing net earnings, amortization, rights, and convertibles. 
Government, municipal, railroad, steamship, street railway, gas, elec- 
tric, water power, real estate, timber, and irrigation securities as" 
investments. Open to students who have completed Economics Bi. 
Credit, three semester-hours. First semester, Mon., Wed., Fri., 9. 
Professor Lagerquist. 

Advanced Money and Banking (Economics Ci) — The Federal 
Reserve System: a review of its chief features; effect of the System 
and of the European War on our banking practices and problems 


and financial relationships, internally and externally. Such subjects 
as bank credits and credit analysis; collections and clearings; foreign 
exchange; money markets and money rates, and bank investments, 
will be dealt with. Crises, their history and theory, will be studied 
and the Federal Reserve System considered as a preventive of panics. 
Agricultural credit here and abroad, and the Federal Farm Loan 
Act will also receive attention. Open to students who have com- 
pleted Economics Bi. Credit, three sejuester-hours. Second semes- 
ter, Tu., Th., Sat., 9. Professor Beckwith. 

Business Law 

Business Law I and II — General elementary law; contracts; 
agency; sales of personal property; debtor, creditor, and bankruptcy; 
trademarks and unfair competition. Credit, four semester-hours. 
First semester, Wed., Fri., 3 to 5. Professor Bays. 

Business Law III — Corporations; partnerships. Given in Chi- 
cago, first semester, Fri., 7 to 9. Credit, two semester-hours. Mr. 

Business Law IV — Negotiable paper, suretyship, banks and bank- 
ing. Given in Chicago, second semester, Th., 7 to 9. Credit, two 
semester-hours. Professor Bays. 

Business Law V — Law of real and personal property, insurance. 
Given in Chicago, second semester, Fri., 7 to 9. Credit, two semester- 
hours. Mr. Teevan. 


Principles of Business Orgariization and Management (Econom- 
ics C16) — The organization and management of a business with 
reference to operation ; functional, territorial and unit specialization ; 
coordination of men and departments; the delegation of authority in 
the establishment of standards, in the handling of daily routine and 
operation, in maintaining discipline, in emergencies; the relation of 
responsibility to authority; the manner in which this relation can be 
sustained; control by means of statistics, graphs and charts, reports, 
supervision and inspection, line organization; standardization of 
material, operations, methods, machinery, product; discipline, dis- 
ciplinary officers, principle of reward and punishment, value of fines, 
immediate attention in case of infraction of rules; merit records; 
business policies. Credit, three semester-hours. First semester, Tu., 
Th., Sat., 10:30. Professor Swanson. 


Commercial Organization, Economics Ci6 — Factors in our dis- 
tributive system including manufacturer; general and specialty whole- 
saler; jobber and sub-jobber; commission merchant; factory agent; 
broker; department, specialty, general, syndicate store; general re- 
tailer; mail order retailer; retail agent and salesman. Sales, adver- 
tising and credit organization and management of the factors in the 
various schemes of distribution. Credit, three semester-hours. Sec- 
ond semester, Tu., Th., Sat., 10:30. Professor Swanson. 

Office Organization and Management — A practical study of 
principles of organization and management as applied to office and 
counting room functions. The work is principally intended for 
students pursuing courses in business administration, accounting and 
secretarial work, and deals with the duties and problems of office 

Personnel: Management; editorial work; human interest; 
physical office, office appliances ; correspondence ; profit-producing 
functions of office. Credit, two semester-hours. Second semester, 
Th., 3 to 5. Mr. Ogilvie. 

'^Resources and Tirade — A geographical, economic, and commercial 
review of the natural resources of the world. Emphasis will be laid 
upon the natural resources of the United States, treated under three 
groups: I, agricultural; 2, forest; and 3, mineral. In each group 
the more important products will be singled out for detailed study 
of their occurrence, production, and exchange. The study will deal 
with the industry or the product arising from the resource, more 
than with the resource itself. The trade of the more important 
commercial nations w^ill be analyzed in order that the student may 
view trade from different angles. Credit, three year-hours. Mon., 
Wed., Fri., 11. Mr. Taylor. 

^Geography and Trade of South America — After a preliminary 
and general study of the factors influencing the trade of South 
America as a whole, each country will be the subject of detailed 
study. In each case a review of the economic and historical geog- 
raphy will constitute the background for the discussion of the trade 
of the individual country and the factors affecting that trade. 
Emphasis will be laid upon the commercial relations between the 
South American countries and the United States, and the trade 
opportunities that exist for the American exporters. Credit, two 
year-hours. Given in Chicago, Tu., 7 to 9. Mr. Taylor.- 

*Not given in 1918-1919. 


^Foreign Trade — Significance. Method of investigating whether 
a foreign market exists for a class of goods, and where it exists. 
How a foreign market can be developed : the nature of the article 
— its uses, possible substitutes, customs, habits, social or economic 
conditions affecting the possible use in a foreign country. Modifica- 
tion of the articles to meet foreign needs or prejudices and to facilitate 
shipment. Work of consular service. International credits; selling 
methods in international trade; packing; invoices; the contract; the 
voyage; the delivery; international exchange. Credit^ two semester- 
hours. Given in Chicago, second semester, Fri., 7 to 9. Mr. Stitt. 


A. The Elements of Economics — An elementary course in the 
principles of economics. First semester — An examination of the 
fundamental principles of economics. Second semester — Application 
of these principles to practical problems. Throughout the course 
special attention is given to the relation between theory and practice. 
Required of Sophomores taking Pre-Commerce course. Credit, three 
year-hours. Credit is not given unless the full course is completed. 
Mon., Wed., Fri., 8, 9, 10. Professor Deibler, ProfessoT Lager- 
quist. Professor Secrist. 

B2. Labor Problems and Trade Unionism — First semester — 
The development of a wage-earning class, with special emphasis on 
economic causes. Problems of woman and child labor. Immigration. 
Early organizations of labor. Second semester — Trade union his- 
tory, structure, methods and policies. The trade agreement, strikes, 
arbitration, the injunction and the legal responsibilities of the union. 
Alternates with Course C4. Open to students who have completed 
Course A. Credit, three year-hours. Mon., Wed., Fri., 8. Profes- 
sor Deibler. 

B4. Sociology — Social evolution and progress, with particular 
reference to social laws. The development of social institutions, as 
the family, the state. The development of social control and the 
social and economic forces in social control. Open to students who 
have completed Course A. Credit, three year-hours. Tu., Th., 
Sat., 8. Professor Heilman. 

*Not given in 1918-1919, 


B5. Present Day Social and Industrial Problems — Industry and 
the modern city. Cities before and since the eighteenth century 
industrial revolution. Industries in relation to urban and rural 
population. Immigration. Women in industry. Industry and the 
family. Industry and the state. Mercantile, laissez faire, and human 
welfare views of industrial legislation. Social betterment activities 
with reference to standards of industrial and social progress. Open 
to students who have completed Course A. Credit, three year-hours. 
Tu., Th., 10. Third hour to be arranged. 

B6. Elements of Public Finance; State and Local Taxation — 
First semester — The nature of the state; theories of public expendi- 
ture; the direction of public expenditures in cities, states, and in the 
nation; classification of public expenditures; budget making in theory 
and practice. Second semester — State and local taxation. The 
general property tax during the American colonial period; the tax 
history of Ohio to 1850, constitutional tax provisions; uniformity in 
taxation; taxation of real and personal property; comparative tax 
administration ; inheritance, corporation, and income taxation. 
Alternates with Course C7. Open to students who have completed 
Course A. Credit, three year-hours. Mon., Wed., Fri., lo. Pro- 
fessor Secrist. 

C4. Labor Conditions and Labor Legislation — Factory condi- 
tions in respect to hours, wages, sanitation. Industrial accidents, 
safety standards and accident prevention. Limitation of hours. Work- 
men's Compensation. Laws regulating the employment of women 
and children. Unemployment insurance. Minimum wages. Labor 
bureaus and the administration of labor laws. Alternates with 
Course B2. Open to students who have completed or are taking a 
course in the B group. Credit, three year-hours. Mon., Wed., 
Fri., 8. Professor Deibler. 

*Cj. Principles of Public Finance and Taxation — First semester 
— Public finance viewed as the science and method of satisfying public 
wants ; the field of private and public activity ; economy and efficiency 
in public expenditures; budget making; ordinary and extraordinary 
sources of revenue; war finance; public debts and financial adminis- 
tration. Second semester — Principles of taxation. Historical survey 
of early taxation with respect to tax principles; justice in taxation; 
theories of taxation ; distribution of taxation ; present tendencies and 
reform in taxation. Alternates with Course B6. Open to students 

*Not given in 1918-1919. 


who have completed or are taking a course In the B group. Credit, 
three year-hours. Mon., Wed., Fri., lO. Professor Secrist. 

C8. Social and Economic Reforms — A study of various pro- 
posals for economic reform. Socialism, the Marxian philosophy and 
its recent modifications, the growth and tactics of Socialist party in 
Europe and the United States, communism and the communistic 
experiments, the Single Tax, profit sharing in industry. Social insur- 
ance. Professor Heilman. 

C9. Value and Distribution — A more thorough study of eco- 
nomic principles than is possible in the introductory course. A com- 
parison of the theories of distribution as developed in the works of 
prominent economists as Marshall, Bohm-Bawerk, Taussig, Clark, 
Fisher, etc. Credit, four semester-hours. Second semester. Tu., 
Th., Sat., 10. Fourth hour to be arranged. Professor Heilman. 

*Ci4. Special Problems in Social Betterment — Individual con- 
ferences and reports upon special phases of topics covered In Course 
B5. Study of literature and source materials on a particular subject 
together with a moderate amount of field work. Results embodied in 
a semester report carrying two hours of credit! Open at the discre- 
tion of the Instructor to students who have completed Course B4, 
and who are taking B5. Second semester, hours to be arranged. 


Government and Business (Economics C2) — The first semester 
of this course deals w4th the relations between the government and 
public, and public service corporations. The necessity of regulation, 
various methods of control — the franchise, the indeterminate permit, 
public utilities commissions. The development by regulating bodies, 
and by utilities, of the principles of valuation, rate making, service, 
and capitalization. Government ownership, the significance of the 
movement, Its economic and political aspects. 

The second semester deals with the relations between government, 
and private businesses. The proper scope of regulation, constitutional 
and legal aspects of regulation. Regulation of competition. Control 
of corporations and trusts. Government promotion and encourage- 
ment of business co-operation between government and business, public 
activities of business organizations, elements of ' a national policy 

^Not given in 1918-1919. 

26 NOR T H W K S T K R N U N 1 V E R S 1 1' Y 

towards business. Activities of the Federal Trade Commission, the 
United States Department of Commerce, and other government 

Required of Commerce students in their second year. Credit, 
three year-hotirs. Tu., Th., 9. Third hour to be arranged. Profes- 
sor Heilman. 

Governtnent — The following courses in Government are offered 
by the Department of Political Science in the College of Liberal 
Arts. These courses may be elected by Commerce students who can 
satisfy the prerequisites fixed by the Department. 

Ai. Introductory Government, Mon., Wed., Fri., 8, 10. Credit, 
three year-hours.'^ 

A2. American Federal Government, Mon., Wed., Fri., 8. 
(Second semester.) Credit, three semester-hours.'^' A repetition of 
the first semester of Course Ai. 

Bi. Political Parties, Mon., Wed., Fri., 10. Credit, three 

B3. International and Constitutional Law, Mon., Wed., Fri., 
II. Credit, three year-hours. 

B5. Contemporary European Politics, Th., 4. (First semester.) 
Credit, one semester-hour. 

Ci. Municipal Government, Tu., Th., Sat., 9. Credit, three 

C3. European Diplomacy and World Politics, Tu., Th., 10. 
Credit, two year-hours. 

C4. Asiatic Politics and Government, Tu., Th., 11. (First 
semester.) Credit, two semester-hours. 

C5. Administration, European Governments, Tu., Th., il. 
(Second semester.) Credit, tivo semester-hours. 

tC6. The Government of England, Tu., Th., ll. (Second 
semester.) Credit, two semester-hours. 

fCy. Colonial Government. 

tDi. Seminar in State Government, Wed., 4-6. (Second se- 
mester.) Credit, two to four semester-hours. 

D2. Seminar in Diplomacy, V^tA., 4-6. (First semester.) 
Credit, two to four semester-hours. 

*Credit, two hours if taken in Senior year. 
tNot given in 1918-1919. 



Factory Management — Factors aflFecting location of plant; adap- 
tation of building to process; types of factory building; routing of 
work; selection and arrangement of machinery; auxiliary depart- 
ments. Types of organization and special adaptations of each type; 
executive control; methods in the Production, Stores, Purchasing, 
Shipping, Engineering, Cost, and other departments; routing of work; 
progress records; standardization. Handling of labor, wage systems; 
time study; selection, discipline, and records; methods of securing the 
workmen's co-operation. Credit, four semester-hours. First semester, 
Mon., Wed., 2 to 4. Professor Dutton. 

Efficiency Standards — Absolute and relative standards of effi- 
ciency: graphical methods; analysis of the problem; selection of the 
unit of measurement. Determinntion of Standards; of Investment 
Efficiency; the Investment Equation; of Labor Efficiency, composite 
merit standards for judging employes, time and motion study, in- 
ventive and statistical; of JVIethod, instruction cards; of Quality, 
specifications. Application of Standards; the Schedule as applied to 
factory, office, and other lines of w^ork; Routing; Dispatching; Fol- 
low-up. The course will consist principally of laboratory problems 
to be worked out by the class. Credit, three semestei'-hours. Second 
semester, Mon., 2 to 3, Wed., 2 to 4. Mr. Dutton. 

Industrial Relations (Economics By) — This is a course prepared 
to meet the demand for instruction in the scientific adjustment of the 
relations of employer and employe. The basis of the course is the 
labor arrangements existing In such organizations as Hart, Schaffner 
and Marx, the Ford Motor Company, the United States Steel Cor- 
poration, Procter and Gamble, the J. B. Stetson Company, and the 
Cloak and Suit Manufacturers Association in New York. 

Many manufacturing concerns have already established special 
labor departments to administer the policies and plans of the manage- 
ment concerning its employes. Employment, welfare work, dealing 
with organized labor, accident and compensation, benefit societies, 
etc., are among the functions of such departments and there is an 
Increasing demand for men to take charge of such work. A broader 
understanding of all modern devices to secure harmonious relations 
between management and employes Is becoming Increasingly more 
necessary to every employer of labor. Credit, three year-hours. Tu., 
Th., and Sat., 9. Professor Howard. 

28 N O R T H W E S 1^ E R N U N 1 V E R S I T Y 


Business Psychology (Psychology BjJ — Psychological principles 
which have the most direct application to business. Analysis of busi- 
ness practices and an attempt to understand from a psychological 
standpoint some of the causes of successes and failures in business. 
Individual students study the actual and also the possible applica- 
tions in business of such factors as imitation, competition, loyalty, 
the love of the game, and personal differences. More attention is 
paid to advertising than to other forms of business. Open to stu- 
dents w^ho have completed General Psychology. Required in the 
first year of the course in Business. Second semester. Mon., Wed., 
Fri., lO. Credit, three semester-hours. Professor Scott. 

Psychology — The following courses in Psychology, offered by the 
Department of Psychology in the College of Liberal Arts, may be 
elected by Commerce students who can satisfy the prerequisites fixed 
by the Department. 

Ai. General Psychology, Mon., Wed., Fri., 9, 10, 11 or 3. 
Credit, three year-hours. 

Bi. Experimental Psychology, Tu., Th., 2 to 4. Credit, two 

B4. Social Psychology, Mon., Wed., Fri., 10. First semester. 
Credit, three semester-hours. 

B5. Animal Behavior, Mon., Fri., 10. Credit, two year-hours. 

Ci. Advanced Experimental Psychology, Tu., Th., 10 to I2. 
Credit, two year-hours. 

Cz. Psychology of the Abnormal Mind, Mon., Wed., Fri., 9. 
Credit, three year-hours. 

C3. Advanced General Psychology, Tu., Th., 9. Credit, two 

Dl. Research, yion., ^. Credit, two to five year-hours. 


Statistics and Statistical Methods (Economics C15) — Designed 
to prepare students to use approved statistical methods discriminat- 
ingly in the analysis of economic problems. Uses and abuses of 
statistics studied by means of problems draw^n from general economics 
and business. Lectures and laboratory. Open to students who have 
completed a course in Economics as advanced as the B group. Creditj 
four semester-hours. Second semester. Lecture, Mon., Wed., 2; 
laboratory, Mon., Wed., 3 to 5. Professor Secrist. 



*The Interstate Commerce Act (Economics Cii) — Development 
of American transportation systems; the economic characteristics of 
railroads; competitive and non-competitive rate-making; the Inter- 
state Commerce Act, as amended ; the causes of the passage of the 
Act, and the results of its workings; the railroad traffic associations; 
general characteristics of the rate structure; railroad rates and the 
problems of plant location, and of marketing; milling and fabrica- 
tion in transit; diversion; routing and tracing; the Administrative 
and Conference rulings of the Interstate Commerce Commission; the 
Interstate Commerce Act, and its interpretation. Credit, three 
semester-liours. First semester, Tu., Th., Sat., 8. Professor Van- 

*Rate Structure (Economics Cii) — The place of the Traffic De- 
partment in the railroad organization; the rules of the Interstate 
Commerce Commission governing the compilation, filing, and publi- 
cation of tariffs; the Official, Western, and Southern Classifications, 
and the extent of their application; the interpretation of classifica- 
tions and of tariffs; Trunk Line and Central Freight Association 
rates; rates into Southeastern Territory, and the Carolinas; the 
Virginia Cities adjustment; Trans-Mississippi and Trans-Missouri 
rates; Colorado, Utah, and Montana common points; rates to 
Southwestern Territor>^ and Texas common points; Transcontinental 
rates; intra-state and intra-territorial rates; the effect of the Panama 
Canal on rates and traffic; export and import rates; port differentials 
and the decisions of the Commission thereon. Credit, three semester- 
hours. Second semester, Tu., Th., Sat., 8. Professor Vanderblue. 

Seminar and Research Courses 

EconoTuic Seminar (Economics D) — Involves an original investi- 
gation extending over a complete school year, dealing with a phase 
of a fundamental economic problem related to the probable future 
business field of the student. Students meet for the discussion of 
general questions involving the technique of investigation, such as 
the use of original materials, taking of notes, marshalling of facts. 
The individual work is done under the direction of a member or 
members of the faculty. Intended to give the students training in 
the use of original data and in drawing correct and accurate con- 

*Not given in 1918-1919. 


elusions based on all of the facts in a limited field of inquiry. Credit 
3-6 hours. The normal registration of second year students in Busi- 
ness will be four hours. 

Advanced Seminars in Special Fields : Commercial Organization, 
Factory Management, Banking and Finance, Accounting — Organi- 
zation similar to the one above, except that the work of each student 
is entirely Individual and under the direct supervision of a member 
of the faculty. Thorough investigation of some fundamental prob- 
lem, particularly from the standpoint of business organization in the 
special field. Preceded normally by Economics D. 

Problems and Field Work — Intended to give an opportunity for 
students In their fifth year to come in contact with some of the actual 
problems of organization and management, found In an Individual 
establishment or group of establishments. In some cases, the work 
is based upon the experience obtained by actual employment during 
the preceding summer. In other cases, the experiences of summer 
work are used in connection with work carried on by the student 
contemporaneously with the third year of the Business course. 

Other Courses 


Commerce students are encouraged to elect College work in Eng- 
lish and other modern languages, History, Mathematics, the labo- 
ratory sciences, and in any other subjects in which the discipline 
secured will contribute to the efficiency of the student In the line of 
business for which he is preparing. 


Students are also encouraged to supplement the Law courses 
offered in the School of Commerce by work in the Law School in 
all cases where further legal training seems essential to the best 
preparation for a particular career. This applies particularly to the 
students preparing for Foreign 7>ade, for whom a thorough training 
in International and Constitutional Law is indispensable. 

For details concerning courses In the College of Liberal Arts and 
in other schools of the University, consult the Annual Catalog of the 


The Library 

The Universit^v Library contains 112,000 bound volumes and 
approximately 81,000 pamphlets. It is open to officers of the Uni- 
versity, and to students upon the payment of their regular semester 
bills under the following regulations: 

1. During the college year the Library is open, except on Sun- 
day, from 8 a. m. to 10 p. m. In the summer vacation, except on 
Saturday afternoon and on Sunday, it is open from 8 a. m. until 12 
noon and i 130 p. m. to 5 p. m. The Library is closed on New Year's 
Day, the Fourth of July, Thanksgiving Day, and Christmas Day. 

2. Officers of the University have direct access to the shelves 
and are entitled to the first use of books. 

3. Students may draw from the Library three volumes at a 
time, and these may be kept for two weeks unless specially restricted. 
Graduate students may have six volumes at a time. 

4. The book stacks are not open to the students in general or 
to the public; but cards of admission may be given by the Librarian 
on recommendation of an officer of instruction. 

5. Reserved books in the reading room and the seminary rooms 
are w^ithdrawn from circulation at the request of officers of in- 
struction for the use of their classes. The books reserved in the read- 
ing room and other books of reference are placed on open shelves 
freely and equally accessible to all readers ; or, when much in demand, 
they are kept at the desk, and delivered on application there. These 
books are on no account to be taken from the reading room, and must 
be used with due regard to the rights of others. 

6. Persons not members of the University are allowed the use 
of the reading room at the discretion of the Librarian. Persons in- 
troduced by an officer of the University may be permitted to take 
books for a short period on the officer's account, or may be granted 
the privileges of the Library upon written application endorsed by an 
officer of the University. 

In addition to the University Library In Evanston, there are avail- 
able to the students of the School of Commerce the Commerce 
Library In the Northwestern University Building, Chicago; the 
Elbert H. Gary Library of Law, housed In the same building; the 


John Crerar Library, located In the Marshall Field Building, the 
Public Library of Chicago, and The Newberry Library. The John 
Crerar Library Is very completely equipped with materials for use 
in business research. 

Employment for Graduates 

Although the School of Commerce does not promise to secure 
positions for its graduates, it has organized a Bureau of Employment 
through which it makes a systematic eflFort to find positions for stu- 
dents who have made a good record in the School. Aside from the 
opportunity which the Bureau of Employment affords In placing 
graduates, the association with the students In the evening school, 
for which the curriculum provides In the third year of the course In 
Business, will aid students In making satisfactory connection with 
business firms upon the completion of their study. 

Residences for Men 

Thirteen new dormitories, of which nine are fraternity houses and 
four are so-called College Houses, are now available for men students, 
and all men are required to live in a dormitory unless for sufficient 
cause they are given formal permission to live elsewhere. 

The College Houses are named LIndgren House, after Mr. John 
R. LIndgren, the donor; HInman House, Foster House, and Haven 
House, after the first three Presidents of the University. 

For description of the Buildings, see page 46 of the Annual 

A dining hall or Commons is operated on the top floor of one 
of the buildings, where good board may be had at reasonable prices. 

Each student room is for one person and is furnished with a 
single bed, mattress, pillow, chiffonier, a combined study table and 
bookcase, chairs, rugs, and window shades. The occupant furnishes 
his own bedding and towels, but the University takes charge of the 
laundering of these. In the Interest of economy, the cost of electric 
lighting Is not Included in the general charge, but is apportioned pro 
rata, to the occupants of the House. 

The charge to each student for a single, furnished room, includ- 
ing care and heat for the school year, Is from $90 to $110, except for 
rooms having a private bath, or a bath reserved for a suite, for which 


the annual charge Is from $120 to $150. A chart can be obtained 
from the Registrar showing the location of rooms, with cost. 

Room rent is payable in two installments, one at the beginning 
of each semester, and is not returnable. A deposit of $10.00 is 
required at the time a room is assigned, to be held until the end of 
the college year to cover possible charges, any unused balance to be 
returned to the student. 

Applications and all inquiries in regard to the dormitories should 
be sent to the Registrar of the College of Liberal Arts, University 
Hall, Evanston, Illinois. 

Business Fellowships 

Arrangements have been made with the National City Bank of 
New York to select annually one or more students from a group 
recommended by the School of Commerce, to spend in that institution 
a full year consisting of summer vacations and a period imme- 
diately following graduation. The student will be paid $60.00 per 
month by the bank, and will be allowed a maximum sum for travel- 
ing expenses. 

Several Chicago firms will employ, during vacations, a selected 
number of students who have definitely decided to enter the line of 
business in which the respective firms are engaged. 


Two part-time fellowships are awarded each year. These fellow- 
ships carry an honorarium of $400 each, and tuition; applications 
should be filed before April first. 

Commerce Society 

The Commerce Society is an organization composed of students 
interested in commerce who meet specified requirements. This 
Society meets every two weeks and Is addressed by business men. 

Grades of Scholarship 

At the end of each semester the standing of each student in each of 
his courses is reported by the instructor to the Secretary and is en- 
tered of record. Standing is expressed, according to proficiency, in 
grades A, B, C, D, E, F. 


Grade A denotes superior scholarship; grade B, good scholarship; 
grade C, fair scholarship; grade D, poor scholarship; grade E, a 
condition which may be removed by a second examination; grade 
F, a failure removable only by repetition of the subject in the class. 
Work of grades A, B, and C is counted toward a degree. Work of 
grade D may also be counted toward a degree, but not more than one- 
fifth of the work done under the Commerce Faculty offered to meet 
the requirements for graduation may be of this grade and no work 
of this grade may be counted toward the B.B.A. degree, unless offset 
by an equal amount of work of grade A in the same semester. 

Students who secure a lower grade than D in any course will 
be permitted to continue their work for the B.B.A. degree only in 
very exceptional cases. In such cases, regulations for making up the 
work in which the deficiency occurs are the same as obtain in the 
College of Liberal Arts. 

Work reported "incomplete" at the end of any semester, and not 
made good by the beginning of the corresponding semester of the fol- 
lowing year, can thereafter be given credit only by repetition in 

The semester records of students are sent by the Secretary to the 
student's father or guardian. 

Class Attendance 

Students are expected to attend all regular class exercises and 
conferences which the instructor may designate. Each Instructor is 
at liberty to adopt such measures as he deems expedient for bringing 
this about. In case absences in any course should be repeated, the 
adjustment of work takes place under the rules which obtain in the 
College of Liberal Arts. See Annual Catalog, page 163. 

Fees and Expenses 

All fees are due and payable in advance and until paid the 
student's registration is considered provisional. 

A matriculation fee of five dollars is charged w^hen a student first 
enters the University. This fee is paid but once and Is not return- 

Tuition Fees — Students are required to pay fees for instruction 
each semester as follows: 

Regular full tuition $75-00 


Graduate students pursuing courses prescribed for the degree of 
Bachelor in Business Administration are required to pay the tuition 
of the School of Commerce. 

Lecture Note Fees — A fee sufficient to cover the cost of prepar- 
ing and manifolding notes in certain subjects is entered with the 
tuition bill at the beginning of each semester. This fee, depending 
on the subject, varies from $3.00 to $5.00 a semester. 

Late Registration — A fee of two dollars is charged students reg- 
istering after the first Wednesday in the first semester and after the 
first Saturday in the second semester. 

Changes in Registration — A fee of one dollar is charged for any 
change in registration after the first full week of a semester. 

Special Examinations — A fee of two dollars is charged for each 
examination taken at a time other than that provided in the regular 

Graduation Fee — A fee of ten dollars is charged persons taking 
any degree. This fee is payable on the first day of May of the year 
of graduation. 

Refunds — No fees for instruction or incidentals will be refunded 
except in cases of sickness. \i on account of his serious illness a 
student withdraws before the middle of a semester, one-half of his 
tuition fee will be refunded, providing he secures from the Dean a 
statement of honorable standing, and from a physician a certificate 
that his health will not permit him to remain in attendance. Appli- 
cation for a refund must be made before the close of the semester for 
which the fee was paid. 

Bills for fees are made out at the Commerce Office in Harris 
Hall. Payment is made at the Business Manage/s Office, 518 Davis 
Street, Evanston. Checks should he made payable to ''Northwestern 
University,'' and all payments should be made in currency or in Chi- 
cago exchange. 


The University does not encourage students to enter school if 
entirely without resources. Not a few students, however, are able 
to help themselves materially by their labor, while pursuing studies. 
The Young Men's Christian Association, Evanston, conducts a 
bureau of self-help which is of assistance in securing work for a 


large number desiring it. Inquiries sent to the Secretary of this 
Association receive careful attention. 

The services of the Bureau of Employment (see page 32) are 
also available for students seeking work. 


The University is not responsible for the loss of any personal 
property belonging to any of the students in any building owned by 
the University, whether the loss occurs by theft, fire, or an unknown 


All correspondence concerning the course in Business is handled 
at the Chicago office of the School of Commerce. Address letters of 
inquiry to the Secretary, Northwestern University School of 
Commerce, Northwestern University Building, Chicago. 

Full information regarding requirements, courses, and fees for 
Pre-Commerce students is contained in the Annual Catalog of the 
University. This may be secured by addressing the Registrar of the 
College of Liberal Arts, Evanston, Illinois. 


ALL correspondence is handled at 
the Chicago Office of the School 
of Commerce. Address letters of 
inquiry to the Secretary, Northwestern 
University School of Commerce, North" 
Western University Building, CHICAGO. 

Nordiwcstcm University Bulletin is pubH^Ted 
weekly by Northwestern University during 
the academic year at Chicago, Illinois. 
Entered as second-class mail matter at die 
post'<^ce at Chicago, Illinois, under act of 
Congress of August 24, 1912